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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / American Politics Thread - 2024 Elections — Biden’s Presidency! (1945890 Views)
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Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by budaatum: 9:40pm On Apr 18, 2023 |
Truth don't do colour! 1 Like
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Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:15pm On Apr 18, 2023 |
Cost of spreading basilicos lies. Waiting for Newsmax and OANN own 3 Likes 1 Share
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Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:24pm On Apr 18, 2023 |
Dominion profit last year was $45m. These people done hammer 5 Likes 1 Share |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:29pm On Apr 18, 2023 |
Slyfoxx001: What's Murdoch networth (liquid and illiquid) got to do with a publicly listed company. I think say you do MBA Fox Cash on hand is $5.2bln. These guys just took 15% of their cash and write off the equivalent of 75% of their annual profits. In any setting, no company will want to take such a write down relative to their Net Asset position 6 Likes 1 Share |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:35pm On Apr 18, 2023 |
Slyfoxx001: How much did CNN settle Sandmann? We are not here for Mama Ijebu talks 1 Like |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:39pm On Apr 18, 2023 |
Though not publicly listed, Newsmax revenue is about $100m yearly. Let's assume a 30% profit margin for them, putting their profit at $30m, and not much more in retained earnings Any judgement even 1/5th of the Fox size will put them out of business. Same goes for OANN 3 Likes 1 Share |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:51pm On Apr 18, 2023 |
Slyfoxx001: Mama Ijebu talks You don't know the amount and even if it's $100m, comparatively speaking CNNs parent company has 5 times as much equity as Fox's. Fox just gave away 7% of their equity and 15% of their cash on hand If Sandmann even got $100m, that's 0.2% of Warner Bros equity 2 Likes |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 10:54pm On Apr 18, 2023 |
Slyfoxx001: Why would Murdoch pay fine for a publicly listed company? Your MBA obviously never taught you to distinguish between publicly owned corporations and individuals. Thinking like a Ariaria trader And if you know anything about wealth, you will know Murdoch does not have anything close to $800m sitting in cash. 2 Likes 2 Shares |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by AngelicBeing: 10:55pm On Apr 18, 2023 |
Slyfoxx001:cool cash 2 Likes |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 11:03pm On Apr 18, 2023 |
Slyfoxx001: Who told you Sandman got $250m from WaPo. $250m was his claim, and it was settled out of court, for definitely a much lesser fee that won't smell $100m. $250m can drive Washington Post into bankruptcy. The whole company is worth around that amount, talkless of having that amount in cash. 3 Likes 2 Shares |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 11:09pm On Apr 18, 2023 |
Slyfoxx001: Now we definitely know you got your MBA under Bridge. I said Warner equity is 5 times that of Fox Warner equity of $48b Vs Fox of $11bln below Learn the difference between marketcap and equity Equity is Assets minus liabilities. That is what the corporation has at its disposal to pay off settlements. Dominion just wiped off 7% of Fox's balance sheet 2 Likes 2 Shares
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Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 11:14pm On Apr 18, 2023 |
Slyfoxx001: Facts is numbers, you don't have numbers for Sandmanns settlement, and even the highest number you can think of ($100m) is only 0.2% of Warners equity ($48bln). Dominion just wiped off 7% of Fox's equity. Apples and Oranges 1 Like 1 Share |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by Ibime(m): 11:21pm On Apr 18, 2023 |
Slyfoxx001: Getting aggressive won't hide your schoolboy interpretation of equity Let me break it down for you. If you have assets of $100m and liabilities of $50m, your equity is $50m If a judge awards me a $60m judgement against you, you are now technically insolvent as that puts you in a -$10m position. Your marketcap is secondary and only reflects what shareholders trade amongst themselves. You can have marketcap of billions and go insolvent on your balance sheet and that's the end of you like Lehman Bros, Bear Stearns and co That's why anyone with sense or even completed one MBA module will look at the impact of the judgement on the company in the order of: (A.) Cash position (whether they can pay immediately) (B.) Net Current Asset position (whether they can settle within a year without borrowing ) and finally (C.) Equity position (whether they are solvent) Its obvious you don't know the components of a balance sheet and are talking above your station 6 Likes 2 Shares |
Re: American Politics Thread - 2024 Elections — Biden’s Presidency! by IjeBos(m): 11:22pm On Apr 18, 2023 |
Ibime: Right. And that 7% represents just one settlement. Smartmatic is next up to bat. And this settlement should be the floor. 2 Likes 2 Shares |
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